Crypto currency We continue to see interesting developments in their markets. Bitcoin price was almost constant all day long. However, it is not possible to say the same for the mantra, which has signed many major agreements and announcements. The price of OM Coin suddenly crashed and this is not very unusual for a Altcoin with billions of dollars of market value.
Why did OM Coin drop?
Mantra (OM)The anonymous team behind the positions behind the position of 80 percent decreased. The biggest problem for a Altcoin is that the developer leaves the project. In this case, words about the future become impossible to progress in a healthy way.
The price fell 70 percent in just one hour and increased the losses in the minutes of 93 percent. The price of over 6 dollars is located at $ 0,548 at the time of preparing. The support of $ 5.74 was the key support point to damage, but no one expected such a big loss.
It is unclear how much damage will increase for Altcoin, which also lost the level of $ 1.18 last year.
Considering that he found buyers from $ 0.07 in 2023 OM COIN losses may increase exponentially.
OM COIN HACK
Prominent crypto currency His detective Zachxbt drew attention to the recent big wallet robbery. The only reason for this huge sale may not be that the team leaves the project. This table was probably formed when the team was hacked or made large sales with its own consent and the situation of the investors’ panic and the situation.
Zachxbt He wrote;
“I wonder if a few big wallets have been hacked or hacked (a few major om Holder theft)
The fact that Mantra is a cosmos network makes it very difficult to analyze quickly for large CEX deposits because IBC has very few analysis tools for anything.
Everyone says this is due to the opening of the locks, but they do not happen for a few days.
(Don’t accept any of these as real, I just think out loud) “
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
